Ohio Acknowledgment for an individual acting as principal by an attorney in fact
Description Individual By Attorney
How to fill out Oh Acknowledgment Individual?
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Acknowledgment Individual By FAQ
There are occasions when attorneys in fact sign on behalf of the borrower, which can be a potential suspicious circumstance. In such instances, Standard 5.5 requires an attorney in fact to be approved by the lender's representative, which usually is done prior to the signing.
Sign your name below the principal's name. Simply add the word by in front of your name to indicate you're signing as POA on the principal's behalf.
After the principal's name, write by and then sign your own name. Under or after the signature line, indicate your status as POA by including any of the following identifiers: as POA, as Agent, as Attorney in Fact or as Power of Attorney.
The Individual Acknowledgment certificate is used when an individual is signing and acknowledging on his or her own behalf.
When the document goes into effect, you become that person's attorney in fact, which means you act as their agent. Generally, to sign documents in this capacity, you will sign the principal's name first, then your name with the designation "attorney in fact" or "power of attorney."
An attorney in fact is a person authorized to sign documents on someone else's behalf, but is not necessarily a practicing lawyer.When an attorney in fact signs a document, the signature should include the name of the principal he or she represents.
The general power of attorney grants the attorney-in-fact not only the right to conduct any business and sign any documents on behalf of the principal, but to make decisions, including financial decisions, on their behalf.Anyone assigning power of attorney should take care to choose someone they trust.